Tuesday 23rd of March 2010
Older Brits between the age of 50 and 64 may find it beneficial to ask individual voluntary arrangement (IVA) questions sooner rather than later, following figures from Alliance Trust Research Centre.
It was revealed by the Office for National Statistics today (March 23rd) that inflation in February slowed for the first time since September 2009 - down to three per cent from 3.5 per cent.
However, according to Alliance Trust, working-age Britons are once again having to face the highest rate of inflation - 4.5 per cent - for the fifth consecutive month.
Those of you who are struggling to repay unsecured debt and afford the cost of living might find that seeking IVA answers helps you remove some of the financial burden you’re carrying at the moment.
After all, while IVAs can’t help with everyday household costs, they can clear money owed on credit cards and personal loans over £15,000, leaving you with some extra cash to go towards your daily essentials.
Commenting on the figures, Shona Dobbie, head of the Alliance Trust Research Centre, says: "These price moves continue to have the greatest impact on the two working age groups who spend a larger proportion of their budgets on the goods and services which are currently seeing the highest price increases."
Written by Ashley Littley
- House price rise 'may not indicate recovery'
- Equity release 'needs to be increased'
- Need for IVA help could increase as expert predicts reduction in lending
- Government announces 'breathing space' for those needing IVA help
- Lack of subprime lending creating need for IVA help, expert suggests
- IVAs could benefit concerned Londoners
